Bullish October followed by persistent DEX hyper-liquidity to launch native token

Hyperliquid, a decentralized perpetual exchange, is challenging the conventional wisdom that venture capital is necessary for success in crypto. Instead, he says, it relies on its technology and community-first approach.

The DX Hyper Foundation, which oversees development, announced Thursday's token generation event, alongside the airdrop, is scheduled to begin Friday at 2:30 AM ET.

Over the past year, HyperLiquid has grown from an exchange to a “full financial system,” whose volume now “rivals” those of “higher exchanges,” the foundation said. he said. Thursday on X, formerly Twitter.

In October, HyperLiquid surpassed Jupiter and SynFutures to record $1.39 billion in daily trading volume, DeFillama said. Derivatives data It shows.

“The HYPE Genesis event is a key milestone in the journey, unlocking core functionality at every level of the stack,” he said.

depending on Data From Evo, derivative tracking platform HyperLiquid has a $3 billion valuation. At that valuation, the projected 310 million HYPE tokens allocated to the 31 percent community airdrop will be worth nearly $1 billion, making Hyperliquid's “genesis event” one of the largest in DeFi, the project said.

Once launched, the HYPE token will be directly integrated into HyperLiquid's core operations, the project said. Decrypt He reached out to HyperLiquid to learn more.

Beyond traditional management roles, the token provides functionality for stocks and transaction fees by enabling direct trading of USDC pairs on the platform's spot market.

What's different?

Hyperliquid runs on a blockchain specifically designed for high-speed trading and financial applications. It uses a platform HyperBFTA stock verification system that processes transactions quickly while maintaining security through network communication.

The project is currently at the peak of the decentralized exchange, posting $1.6 billion in 24-hour volume. Data From DeFillama. The all-time high is set at around $428 billion.

Hyperliquid in A Blog post On Thursday, “No allocations will be made to private investors, central exchanges or market makers.” This approach mirrors how other projects are allocated at launch, which often includes significant portions reserved for early backers and project leaders.

“There are no investors. No paid marketers. There is no fee for any company. First, the community claims “Hyperliquid on its website.

Still, approximately 24% of the tokens will be allocated to current and future core contributors to the network, and an additional 6% will go to the “Hyper Foundation budget,” the exchange said.

Edited by Sebastian Sinclair.